KARACHI:Â Indus Motor Company Limited (PSX: INDU) has reported a powerful financial performance for the first quarter of fiscal year 2026, with profit after tax climbing 32% on the back of a significant recovery in vehicle sales, according to a company report sent to the Pakistan Stock Exchange (PSX).
The company’s Board of Directors approved the unaudited results and declared a first interim cash dividend of Rs. 51 per share, a substantial increase from the Rs. 39 per share paid last year.
For the quarter, the company posted a profit after taxation of Rs. 6.72 billion, up from Rs. 5.09 billion. This resulted in earnings per share (EPS) of Rs. 85.49.
The performance was fueled by a 48% surge in net sales revenue, which rose to Rs. 61.74 billion, driven by a 59% increase in total vehicle sales to 9,976 units.
The Directors’ Report highlighted a positive momentum in the auto sector but sounded a note of caution. It flagged the government’s recent policy to allow commercial imports of used cars, stating that “this policy will hurt the local auto industry in the long term and needs to be revisited.”
The company’s financial position remains great. A notable highlight is the massive growth in cash and cash equivalents, which stood at Rs. 22.92 billion, a more than five-fold increase from a year earlier.
The Board expressed “cautious optimism” for the coming period, expecting demand recovery to continue. However, it acknowledged challenges from currency volatility and competitive pressure from imported used vehicles.
